Phillips 66 (PSX) ended the recent trading session at $170.75, demonstrating a +0.04% swing from the preceding day's closing price. This change lagged the S&P 500's 1.11% gain on the day. Elsewhere, the Dow saw an upswing of 0.8%, while the tech-heavy Nasdaq appreciated by 1.24%.Prior to today's trading, shares of the oil refiner had gained 14.39% over the past month. This has outpaced the Oils-Energy sector's gain of 10.33% and the S&P 500's gain of 0.48% in that time.The investment community will be close ...

Phillips 66 (PSX) recently received approval from the board of directors to increase its quarterly dividend.The new dividend of $1.15 per share represents an increase of 10% from the prior-quarter payout of $1.05. The hiked dividend of the diversified energy company will likely be paid on Jun 3 to shareholders of record as of the close of business on May 20.This reflects Phillips 66’s stable and growing business. Being one of the most diversified refiners, the company is putting more emphasis on midstream, ...

The most recent trading session ended with Phillips 66 (PSX) standing at $172.71, reflecting a +1.9% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.11%. Meanwhile, the Dow lost 0.11%, and the Nasdaq, a tech-heavy index, added 0.23%.The the stock of oil refiner has risen by 16.01% in the past month, leading the Oils-Energy sector's gain of 8.5% and the S&P 500's gain of 1.5%.Market participants will be closely following the financial results of Phillips 66 in ...

Collaboration Aims to Fuel the Next Generation of Big 12 Athletes through Safer Sports AccessKANSAS CITY, Mo., April 2, 2024 /PRNewswire/ -- Phillips 66® is proud to announce that they will be contributing $100,000 towards revamping the basketball courts in the Parade Park community in Kansas City, Mo. This year's Big 12 Basketball Tournament marked the 36th consecutive year Phillips 66® has served as a tournament partner and the 15th consecutive year the tournament has been held in Kansas City, with the Bi ...

Phillips 66 (PSX) , a leading energy company, has announced its plans to expand its commercial-scale production of renewable diesel. This move aligns with the company's commitment to sustainability and renewable energy solutions.PSX’s Rodeo Renewed project has seen significant advancement, with the facility now exclusively processing renewable feedstocks. This has resulted in the production of approximately 30,000 barrels per day of renewable diesel.The Rodeo Renewable Energy Complex in California is on a t ...

Phillips 66 (PSX) closed the most recent trading day at $159.08, moving +0.2% from the previous trading session. The stock lagged the S&P 500's daily gain of 0.32%. On the other hand, the Dow registered a gain of 0.68%, and the technology-centric Nasdaq increased by 0.2%.Coming into today, shares of the oil refiner had gained 10.6% in the past month. In that same time, the Oils-Energy sector gained 6.39%, while the S&P 500 gained 5.11%.The investment community will be paying close attention to the earnings ...

In the latest market close, Phillips 66 (PSX) reached $158.76, with a +1.13% movement compared to the previous day. The stock's change was more than the S&P 500's daily gain of 0.89%. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 1.25%.The oil refiner's shares have seen an increase of 11.23% over the last month, surpassing the Oils-Energy sector's gain of 5.25% and the S&P 500's gain of 3.56%.Market participants will be closely following the financial results of Phillips 66 in its ...

Phillips 66 (PSX) shares soared 3% in the last trading session to close at $159.03. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 5.5% gain over the past four weeks.The surge can be attributed to its fourth-quarter performance, during which the company's Midstream segment exhibited increased revenue compared to the corresponding period in the prior year. Additionally, the company achieved remarkable run-rate cost and sustaining ...

Phillips 66 (NYSE:PSX) BofA Securities Refining Conference March 14, 2024 12:45 PM ET Company Participants Rich Harbison - EVP, Refining Jeff Dietert - VP, IR Conference Call Participants Douglas Leggate - Bank of America Douglas Leggate Folks, we're going to try and get back on schedule. I'm sorry, we're running just a few minutes late. So say the best the last, I guess, right? [Indiscernible] No joking aside. Thanks very much indeed for being here guys. Jeff Dietert, Head of Investor Relations shouldn't b ...

Group 1 - Phillips 66 (PSX) has experienced a significant stock surge of 59.3% over the past year, outperforming the industry average improvement of 18.4% [1] - The company has a diversified business model with strong operations in refining, midstream, chemicals, and marketing & specialties, contributing to its competitive strengths [2] - Phillips 66 is focusing on midstream, renewables, and chemicals, which enhances the stability of its business model, with nearly 80% of its midstream contracts expected to be fee-based [2] Group 2 - The company returned over 50% of its operating cash flows to shareholders last year through share repurchases and dividend payments, indicating a strong commitment to capital return [2] - The refining business of Phillips 66 is subject to volatility due to fluctuating commodity prices, which can negatively impact profitability [3] - Other energy companies with strong rankings include Sunoco LP, Energy Transfer LP, and Murphy USA Inc., all of which have stable business models and lower exposure to commodity price volatility [4]